Zanders has announced that it will be taken over on December 1, 2018 by the new "Zanders-Paper GmbH."

Marc d'Avoine, insolvency administrator at Zanders, has made the announcement regarding the successful conclusion of the negotiations. “We are pleased that the acquisition will be made by paper professionals who are already very successful in the industry. The continuation of paper production at Zanders is thus assured. All know-how carriers remain on board."

According to the insolvency administrator, Terje Haglund and his team will soon introduce themselves to the public. The takeover by a partner already working in paper production would in any case be the best possible solution for Zanders. “Thanks to the know-how on both sides, there are very good prerequisites for securing the Bergisch Gladbach location for the long term.”

Business operations will continue with around 300 employees, and around 150 employees will have to leave the company. For those affected, an interim employment society will make the continue to pay a large part of the salary for seven months, as well as providing job search assistance. In addition, the works council and the city of Bergisch Gladbach offer help through a job market, where local companies can present their vacancies, and personal conversations are possible.